Resources

Blogroll

People use search engines like Google when looking for products or brands these days. In fact, 60 percent of consumers take advantage of Google search just to find what they exactly want, and more than 80 percent of online search … Continue reading ?

An important element of search engine optimization (SEO) is choosing the right keyword. With the right keywords, you can make your content rank on search engines. But the work doesn’t stop after ranking, you still need to track the position … Continue reading ?

The banking and finance industry is experiencing continuous changes brought about by advances in technology. The changes are welcome – however not without the accompanying challenges.

As a result, the kind of market we now have is dynamic and Wall Street is making the necessary adjustments, not to dampen vibrancy in the market, but to improve strategies in line with the changing technology. That requires developing new tools and implementing them correctly.

Business Intelligence (BI) Tools for Financial Institutions

There are a lot of tools that have been developed and ones that are worth discussing about are business intelligence tools that help managers identify better management practices and make smarter business decisions. A finance management dashboard is one of these tools.

Here’s a quick look on how this kind of instruments can help in those areas and in other areas such as profitability, reduction of risks and creating competitive advantage.

Operational Efficiencies

Improving efficiency is a key to winning in the competition. BI tools can analyze how efficient are the operational processes leading to maximization of resources and expertise and to reduction of operational cost.

How good are you at customer experience? A dashboard can help you improve this at the point where your employees and customers come face to face.

Products and Services

BI tools do not only allow managers to track which products and services are performing well but also give them insights on the needs and experience of their customers.

Marketing

Do you want to know the best market segment to target? A simple dashboard is all you need to have a good picture of it. The tool can also show you which customer profile gives you the highest revenue and the one that should be put lowest in the list of priorities.

Customer Retention

There are customers who are loyal to you. You need to know the reasons why they are staying with your business, but you also need to identify why others are leaving.

Business analytic tools can help you determine the reasons why and lead you to taking steps to improve your retention rates.

Risk Reduction

This is an ever-changing world where nothing is 100% certain. How would you keep track of your customers and internal organizations so that you can early detect possibilities of fraud?

You can use BI tools for this. There are also lots of benefits from knowing your clients’ financial capacities, which a dashboard can provide you 24/7.

Investment

At some points, managers run out of invest ideas and strategies. The good thing about BI tools is that they can bring in “new” results from real-time data.

New results mean new things that can be explored further for better decision making and development of new approaches to investing. That’s the kind of data and analysis only a dashboard can bring to your organization.

As an example, the number of cars on a shopping mall’s parking lot can be useful in triangulating consumer research. Recently, images from satellites are used to gather data of the global supply of fuel.

These and more examples clearly show how indispensable BI tools can be in the conduct of modern business.

The world in which we live is a volatile world, a fact that doesn’t bode well for the insurance industry whose greatest ally is “certainty”. Analytics, however, can somehow fill the gap. In this regard, BI reporting tools such as data visualization software are extremely useful.

Advanced analytics for insurance allows all stakeholders in the industry to identify new growth opportunities and risk factors as soon as they take shape. Insurance companies such as yours can benefit from analytics in two ways.

Teradata delivers better business outcomes through technology-enabled solutions in the areas that matter most ? from operational excellence and asset optimization, to customer experience and product innovation, to finance transformation and risk mitigation. It works with leading businesses in over 75 countries worldwide including many of the top performers and best-known brands in telecom, transportation, consumer packaged goods, financial services and manufacturing.

These days, it’s no longer enough to simply post content online. Site builders should craft content that utilizes relevant keywords, but not just any type of keyword. These keywords and phrases need to be aligned with what a company’s targeted consumers are searching for when they use the Web.

SEO keywords don’t only help sites when it comes to search engine indexing. These keywords actually help see to it that people will find your website when they search for something that you might be offering. As they say, to reach the right people online, you have to speak their language and this is what these keywords aim to satisfy.

It’s extremely important for businesses to know how their consumers refer to their products or services. This will help you get found online – the reason why you’re doing business there in the first place. Having the right keywords in the right amounts will help boost your site’s ranking on search engines like Google.

This being said, you should not craft content for your website without doing a thorough keyword search first. It is important that you come up with a list of viable keywords and constantly update this list as you go along. There are different tools that can be used for this SEO initiative so try them out and stick with the one that suits your needs the best.

PostgreSQL is a powerful, open source object-relational database system. It has more than 15 years of active development and a proven architecture that has earned it a strong reputation for reliability, data integrity, and correctness. It runs on all major operating systems, including Linux, UNIX (AIX, BSD, HP-UX, SGI IRIX, macOS, Solaris, Tru64), and Windows.

MySQL is the most popular Open Source SQL database management system. Due to its reliability and easy-to-use structure, MySQL is widely used within almost any industry. It is used by both small and big businesses. Among MySQL users you can find such huge companies like Facebook, Youtube, Twitter,etc.

Using MySQL with InfoCaptor does not require any JDBC driver as it uses native PHP drivers. In case you need to use JDBC drivers, please check this resource. MySQL Connector/J is the official JDBC driver for MySQL.